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Vietnam Investment Q&A

Q1:	What is the statutory period of the capital contribution for foreign-owned enterprise?
A1:	The investors must contribute capital within 90 days from the issuance date of investment registration certificate.

Q2:	The conditional sectors/activities include:
A2:	The conditional sectors/activities include: •Banks, non-banking credit institutions; •Advertising service; •Tax declaration and accounting services; •Real estate businesses; •Trading in genetically modified food; •Medical and pharmaceutical industries.

Q3:

What are the Minimum wages?

A3:

Vietnam’s new minimum wage from July 1, 2024 as below:

Region	2023 monthly min. wage	2024 monthly min. wage
Region 1	VND 4,680K (US$ 193)	VND 4,960K (US$ 205)
Region 2	VND 4,160K (US$ 172)	VND 4,410K (US$ 182)
Region 3	VND 3,640K (US$ 150)	VND 3,860K (US$ 160)
Region 4	VND 3,250K (US$ 134)	VND 3,450K (US$ 143)

•	Region 1 : Hanoi and Ho Chi Minh City.
•	Region 2 : the province of Hai Duong. Hung Yen. Vinh Phuc.Bac Ninh and Quang Ninh etc.
•	Region 3 : the province of Phu Tho. Bac Giang. Lao Cai and Ha Tinh etc.
•	Region 4 : other than region 1 to 3.

Q4:

What are the regulations on accounting period in Vietnam?

A4:

An accounting period is generally determined according to the calendar year, that is, January 1 to December 31. Any accounting unit, because of its difference in organizational structure or operation, that is allowed to begin the annual accounting period on the 1st of the first month of a quarter and end it on the last day of the last month of the next four quarter must notify the finance authority and tax authority.

Vietnam Investment Q&A

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